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Artificial intelligence is already revolutionizing industry, like it or not.
Wall Street occasionally seizes upon futuristic themes with a religious fervor, bidding up shares in companies that supposedly lead in one space or another. AI once occupied that “fascinating-but-far-off” thematic market sector, but the best artificial intelligence stocks to buy today use techniques like machine learning and neural networks routinely as a core function of their business. Millions of consumers interact with AI directly or indirectly on a day-to-day basis via virtual assistants, facial-recognition technology, mapping applications and a host of other software. That said, this is the tip of the iceberg, and the area’s profit potential is hard to overstate.
The artificial intelligence industry includes companies developing computerized systems to complete tasks that normally require human intelligence. Now, artificial intelligence stocks might apply this technology, as well as machine learning, for robotics, smart machines, and decision making… you name it. Artificial intelligence, machine learning, and big data are applicable to nearly any field.
With the ongoing advances in the technology industry, the AI applications could be endless. That in mind, this could drive artificial intelligence companies’ revenues and earnings. In turn, artificial intelligence stocks are on a lot of traders’ and investors’ radars.